Vietnam is estimated to have pulled in a total foreign direct investment (FDI) of US$7.47 billion between January and July this year, up of 49.7 per cent on year, said the Ministry of Planning and Investment (MPI).
In July alone, the country attracted 142 FDI projects capitalized at $2 billion, raising the total number of licensed projects during the period to 717 worth $6.37 billion, up 54.8 per cent in capital value and 12 per cent in project number.
In Jan-July period, the country also allowed 196 existing projects to raise their capital worth $1.1 billion, including $85 million in July only.
The industrial production sector made up 54 per cent (over $3.43 billion) of the total registered capital the services sector with 44 per cent ($2.81 billion), while the rest came into the agricultural-forestry-fishery industries.
South Korea topped among 39 foreign investors in Vietnam with $1.43 billion for 214 projects, pushing Singapore to second position with $1.32 billion. The British Virgin Islands came third with $859.4 million, followed by India ($527.3 million), Japan ($427.4 million), China ($209.6 million) and the US ($157.2 million).
Southern Ba Ria-Vung Tau province again took the lead in the FDI attraction ($1.06 billion). The runners-up were Hanoi ($858.7 million), Hau Giang province ($629 million), Binh Duong province ($610.8 million), Ho Chi Minh City ($581 milion) and Thua-Thien Hue ($553.3 million).
The FDI sector expects to earn $17.9 billion in revenue in the seven months, up 18.3 per cent against last year.
To date, the sector has generated 1.2 jobs.
According to the MPI, the FDI disbursement reached $2.6 billion between January and July, a yearly rise of 19.9 per cent.
Vietnam’s FDI could hit around $16 billion this year, far surpassing 2006’s record of $10.2 billion, the MPI forecast.
The Southeast-Asian country now has 7,490 valid FDI projects valued at $63.7 billion. Foreign investors are estimated to have disbursed $29 billion in the country so far. The construction and industrial production sectors rank fist in FDI attraction, followed by services industry, agriculture, forestry and fisheries.
To spur the FDI flow, the government of Vietnam will set up first investment promotion offices in key markets, namely Japan, the US, Germany, France, the Republic of Korea, Singapore, Saudi Arabia, Qatar and Taiwan in the coming time. (Vietnam Economic Times, GSO July Edition)
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